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Old Posted May 17, 2017, 8:48 PM
biggus diggus biggus diggus is offline
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Join Date: Mar 2015
Posts: 2,838
Baron and proxy are both renting for less now vs. when they first opened.

I'm not talking about year to year rents, it's too early to forecast that since these places have only been open for months. 11/12 Capital Place have dropped by 10% since opening.

It's common, though, to raise rent at each renewal for existing tenants. They may be raising existing tenant's rents thinking "they wont move" while they are simultaneously having to drop rates to fill new vacancies.
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